Scharf Investments LLC Has $7.21 Million Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Scharf Investments LLC increased its holdings in NVIDIA Corporation by 8% to 45,657 shares, valued at approximately $7.21 million.
• NVIDIA recently reported earnings of $1.05 per share, exceeding analyst expectations, with revenues of $46.74 billion, which is a 55.6% year-over-year increase.
• A number of analysts have raised their price targets on NVIDIA, with the new average target set at $211.00, reflecting a strong positive outlook on the stock.

Scharf Investments LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,657 shares of the computer hardware maker's stock after buying an additional 3,377 shares during the period. Scharf Investments LLC's holdings in NVIDIA were worth $7,213,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the period. Copia Wealth Management acquired a new position in NVIDIA during the 4th quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC boosted its stake in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. boosted its stake in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Up 2.5%

Shares of NVDA stock opened at $186.44 on Wednesday. The company's fifty day simple moving average is $177.20 and its two-hundred day simple moving average is $146.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $187.35. The stock has a market capitalization of $4.53 trillion, a price-to-earnings ratio of 53.12, a PEG ratio of 1.32 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.14%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NVDA shares. Evercore ISI lifted their price target on NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Stifel Nicolaus lifted their price target on NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research note on Monday, August 25th. TD Cowen lifted their price target on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, August 19th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Finally, Morgan Stanley lifted their price target on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $211.00.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $164.36, for a total value of $12,327,000.00. Following the completion of the transaction, the chief executive officer directly owned 74,648,225 shares in the company, valued at approximately $12,269,182,261. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the firm's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,022,407 shares of company stock valued at $700,382,754. 4.17% of the stock is currently owned by company insiders.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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